Hugo Parson named Head of Origination at Deloitte
Former EY Partner Hugo Parson has joined Deloitte to lead its origination team for private equity. Parson held a similar role at EY, where he worked for over seven years.
With over 500 private equity professionals in the UK and a broader network of 1,500 practitioners globally, Deloitte’s private equity practice spans financial advisory, audit, tax and consulting services. The firm caters to many complex needs, including deal structuring; deal planning, strategy and tactics; and deal origination.
Deal origination, or deal sourcing, is a term used by finance professionals such as private equity investors and investment bankers to describe the process by which firms identify investment opportunities. In order to strengthen its offering to UK clients looking for deal sourcing services, Deloitte has appointed Hugo Parson as a Partner to lead its origination team.
Emma Cox, Managing Partner for Deloitte Private, commented, “Hugo joins our leadership team where he will build and grow our M&A deal origination capability. As the investment landscape continues to tilt from public to private and an increase in corporate divestitures, Hugo’s experience and expertise will help us access the broader opportunity and deliver our end to end capabilities.”
Parson brings 20 years of experience in the investment and consulting sectors, having commenced his career with spells at J.P. Morgan and Morgan Stanley. Most recently, he spent more than seven years with Deloitte’s Big Four competitor EY, where he was also a Partner, and Global Head of Origination for Private Equity.
At Deloitte, Parson will head up a cross-border team to identify investment opportunities for financial investor clients. This is the most recent of a number of senior hires boosting Deloitte’s market presence in the sector and shows its continued commitment to addressing client needs.
Parson himself said, “Deloitte’s Private Equity team has big ambitions which I look forward to helping deliver. I am extremely excited by the opportunity to leverage Deloitte’s global platform for the benefit of an extensive client base.”